If you are a BPI (Bank of the Philippine Island) Bank account holder, regardless if you just opened a new account or have been with them for quite a while, this article will definitely help you out. Not all are aware with the local banks’ processes and fees and this is what we’ll show you here.
BPI charges fees more often for interbank network charges (for non-account holders), when non-BPI users use BPI ATM machines and surcharges, which is imposed by the bank for maintenance of the bank and other reasons that will be mentioned in this article.
When opening any bank account, there is always a minimum Average Daily Balance. BPI’s Average Daily Balance should be maintained for at least 2 months, if there is any chance that you do not meet the minimum balance on your account, you are then subjected to what is called Monthly Service Charge that will be deducted with your current balance, so it’s always best to MAINTAIN your minimum to avoid compromising your bank account. On top of this, if your account is dormant, meaning there has been no transactions in your account for 1-2 years, you will be charged with Dormancy Charge.
ATM Transaction charges are only applicable for non-BPI account holders or ATM charge overseas.
Another is the Fee per excess withdrawal which is only applicable for ATMs and over-the-counter transactions.
There are surcharges applied for those transactions that are not applicable for a certain bank account type, such as Over-the-Counter Withdrawal for ATM-based Accounts, these is applicable if account holder decides to withdraw over-the-counter, when the ATM machine is off-line or if they have exceeded their daily limit.
For checks, there is the Stop Payment Order, for those folks who wants to stop a check for being transacted. These surcharges often are transaction fees. There are other fees such as the Auxiliary fees that are charged because of transactions beyond BPI’s standard transactions that are free of charge.
ATM Card replacement fee, which is a standard 100php, is charged since a new ATM card is requested by the account holder regardless of reason. This goes the same with lost passbook, request for Bank Certification, Statements.
For a request of additional Checkbook, BPI also charges the account holder and additional fee, especially if it is by the request of the account holder.
You can also rent a safety deposit box in BPI and fee depends on the size you prefer.
Another usual fee from BPI is the Remittance fees, since remittance is from overseas, the bank has to go through a system in order to transfer money from one country to Philippines and acts as intermediary bank, which requires BPI to charge a Service Charge Commission.
Wire transfer transactions are also charged, however there is an option that the beneficiary or receiver can shoulder these fees.
Here is a table for your reference where you’ll see the different service fee charges, surcharges of BPI, depending on what kind of bank account, transaction you may have:
Account Maintenance and Transaction Fees
| Particulars | Service Charge |
| Monthly Service Charge for Falling Below the Required ADB1 | |
| – Maxi-One with Passbook | PHP 500.00 |
| – Other Peso Deposit Accounts | PHP 300.00 |
| – Dollar Savings Accounts | USD 5.00 |
| – Third Currency Passbook Savings Accounts | AUD 8.00 |
| CAD 7.00 | |
| CHF 7.00 | |
| EUR 4.50 | |
| GBP 3.50 | |
| JPY 600.00 | |
| CNY 35.00 | |
| Monthly Dormancy Charge2 | |
| – Peso Deposit Accounts | PHP 200.00 |
| – Dollar Deposit Accounts | USD 5.00 |
| – Third Currency Passbook Savings Accounts | AUD 8.00 |
| CAD 7.00 | |
| CHF 7.00 | |
| EUR 4.50 | |
| GBP 3.50 | |
| JPY 600.00 | |
| CNY 35.00 | |
| Fee for Closing within 1 Month from Date of Opening | |
| – Peso Deposit Accounts | PHP 500.00 |
| – Dollar Deposit Accounts | USD 15.00 |
| – Third Currency Passbook Savings Accounts | USD 15.00 equivalent |
| Service Charge per Excess Withdrawal | |
| – Jumpstart Account (4 free withdrawals per month)3 | PHP 10.00 |
| – Platinum Savings (no longer offered) | PHP 50.00 |
| – Multi-earner (no longer offered) | PHP 25.00 |
| ATM Transactions | |
| – Balance inquiry at other Expressnet member banks, Megalink or Bancnet ATMs | PHP 1.50 |
| – Withdrawals at other Expressnet member banks, Megalink or Bancnet ATMs | PHP 15.00 |
| Foreign Transactions via Cirrus ATMs | |
| – Withdrawals of USD 175.00 and below | USD 3.50 |
| – Withdrawals above USD 175.00 | 2% of withdrawn amount |
| – Balance Inquiries | USD 1.00 |
| – Denials | USD 0.50 |
| Note: Some ATMs abroad charge an additional access fee. Fees are displayed on the ATM screen at the time of transaction. | |
| Over-the-Counter Withdrawal for ATM-based Accounts (except when ATM is off-line or if the transaction exceeds the daily ATM limit) |
PHP 100.00 |
| Over-the-Counter Funds Transfer via Debit/Credit Memo | |
| – Peso Deposit Accounts | PHP 50.00 per transfer |
| – Dollar Deposit Accounts | USD 1.00 |
| Stop Payment Order (SPO) Application (per check) | |
| – Peso Checks | PHP 200.00 |
| – Dollar Checks | USD 20.00 |
| Overdraft (OD) Accrual Charge | |
| – Fee | 25.2% p.a. on OD amount |
| – Subject to a minimum of | PHP 26.25 |
| Dollar Transactions | |
| – Dollar Cash Deposits in Excess of USD 5,000 | PHP 0.10 per USD 1.00 or fraction thereof |
| – Dollar Cash Withdrawal in Excess of USD 5,000 | PHP 0.05 per USD 1.00 or fraction thereof |
| – Deposit Returned Dollar Check | USD 20.00 |
BPI Family Savings Bank
| Particulars | Service Charge | |
| Monthly Service Charge for Falling Below the Required ADB1 | ||
| – Maxi-One with Passbook | PHP 500.00 | |
| – Other Peso Deposit Accounts | PHP 250.00 | |
| – Dollar Savings Accounts | USD 5.00 | |
| Monthly Dormancy Charge2 | ||
| – Peso Deposit Accounts | PHP 200.00 | |
| – Dollar Deposit Accounts | USD 5.00 | |
| Fee for Closing within 1 Month from Date of Opening | ||
| – Peso Deposit Accounts | PHP 500.00 | |
| – Dollar Deposit Accounts | USD 15.00 | |
| Service Charge per Excess Withdrawal | ||
| – Jumpstart Account (4 free withdrawals per month)3 | PHP 10.00 | |
| – Platinum Savings (no longer offered) | PHP 50.00 | |
| – Multi-earner (no longer offered) | PHP 25.00 | |
| ATM Transactions | ||
| – Balance inquiry at other Expressnet member banks, Megalink or Bancnet ATMs | PHP 1.50 | |
| – Withdrawals at other Expressnet member banks, Megalink or Bancnet ATMs | PHP 15.00 | |
| Foreign Transactions via Cirrus ATMs | ||
| – Withdrawals of USD 175.00 and below | USD 3.50 | |
| – Withdrawals above USD 175.00 | 2% of withdrawn amount | |
| – Balance Inquiries | USD 1.00 | |
| – Denials | USD 0.50 | |
| Note: Some ATMs abroad charge an additional access fee. Fees are displayed on the ATM screen at the time of transaction. | ||
| Over-the-Counter Withdrawals for ATM-based Accounts (except when ATM is off-line or if the transaction exceeds the daily ATM limit) |
PHP 100.00 | |
| Over-the-Counter Funds Transfer via Debit/Credit Memo | ||
| – Peso Deposit Accounts | PHP 50.00 per transfer | |
| – Dollar Deposit Accounts | USD 1.00 | |
| Stop Payment Order (SPO) Application (per check) | ||
| – Peso Checks | PHP 200.00 | |
| – Dollar Checks | USD 20.00 | |
| Overdraft (OD) Accrual Charge | ||
| – Fee | 25.2% p.a. on OD amount | |
| – Subject to a minimum of | PHP 26.25 | |
| Dollar Transactions | ||
| – Dollar Cash Deposits in Excess of USD 5,000 | PHP 0.10 per USD 1.00 or fraction thereof | |
| – Dollar Cash Withdrawal in Excess of USD 5,000 | PHP 0.05 per USD 1.00 or fraction thereof | |
| – Deposit Returned Dollar Check | USD 20.00 | |
BPI Direct Savings Bank
| Particulars | Service Charge | |
| Monthly Service Charge for Falling Below the Required ADB1 | ||
| – Peso Deposit Accounts | PHP 250.00 | |
| – Dollar Deposit Accounts | USD 5.00 | |
| Monthly Dormancy Charge2 | ||
| – Peso Deposit Accounts | PHP 200.00 | |
| – Dollar Deposit Accounts | USD 5.00 | |
| Fee for Closing within 1 Month from Date of Opening | ||
| – Peso Deposit Accounts | PHP 500.00 | |
| – Dollar Deposit Accounts | USD 15.00 | |
| ATM Transactions | ||
| – Balance inquiry at other Expressnet member banks, Megalink or Bancnet ATMs | PHP 1.50 | |
| – Withdrawals at other Expressnet member banks, Megalink or Bancnet ATMs | PHP 15.00 | |
| Foreign Transactions via Cirrus ATMs | ||
| – Withdrawals of USD 175.00 and below | USD 3.50 | |
| – Withdrawals above USD 175.00 | 2% of withdrawn amount | |
| – Balance Inquiries | USD 1.00 | |
| – Denials | USD 0.50 | |
| Note: Some ATMs abroad charge an additional access fee. Fees are displayed on the ATM screen at the time of transaction. | ||
| Stop Payment Order (SPO) Application (per Peso check) | PHP 200.00 | |
| Overdraft (OD) Accrual Charge | ||
| – Fee | 25.2% p.a. on OD amount | |
| – Subject to a minimum of | PHP 26.25 | |
1 Monthly Service Charge applies if account falls below the required minimum average daily balance for two consecutive months.
2Dormancy charge is collected only if dormant account’s balance has fallen below the required minimum average daily balance (ADB). Account will be considered dormant if there is no client-initiated transaction within 1 year for Current Accounts and within 2 years for Savings accounts.
3The free withdrawal limit applies to ATM and over-the-counter withdrawals only. Other client-initiated withdrawals like cellphone reloading, cashless shopping through EPS, etc. are not counted.
Auxiliary Services
|
Particulars |
Amount of Fee / Charge | ||
| BPI | BPI Family Savings Bank | BPI Direct Savings Bank | |
| ATM Card Replacement | PHP 100.00 | ||
| Replacement of Lost Passbook * | |||
| – Peso Deposit Accounts | PHP 200.00 | ||
| – Dollar Deposit Accounts | USD 15.00 | ||
| Bank Certification | |||
| – Peso Deposit Accounts | PHP 100.00 | ||
| – Dollar Deposit Accounts | USD 2.00 | ||
| Statement Request from Express Phone | free of charge | ||
| Statement Request from Bank Statement Unit | |||
| – First three pages | PHP 100.00 | ||
| – For every succeeding page | PHP 10.00 | ||
| Request for Microfilm Reproduction of Bank Documents * | |||
| – First three pages | PHP 100.00 | ||
| – For every succeeding page | PHP 31.00 | ||
| Manager’s Check | PHP 50.00 | ||
| Peso Checkbook | |||
| – Personal | PHP 175.00 | ||
| – Commercial | PHP 350.00 | ||
| Dollar Demand Draft | |||
| – Fixed Fee (effective September 15, 2015) | USD 10.00 | ||
| – plus, DST, if to be paid in Pesos | PHP 0.30 for every PHP 200.00 | ||
| Peso Telegraphic Transfer | |||
| – Fee | ¼ of 1% of amount | ||
| – Plus DST | PHP 0.30 for every PHP 200.00 |
||
| – Subject to a minimum of | PHP 100 plus PHP 1.50 DST | ||
| Sale of Traveler’s Checks | |||
| – Fee | 0.5% of every USD 1.00 or fraction thereof | ||
| – Subject to a minimum of | USD 1.00 | ||
| – Plus DST, if to be paid in Pesos | Subject to applicable charges | ||
| Purchase of Traveler’s Checks | |||
| – Fee per check | PHP 15.00 | ||
| – DST per check | Subject to applicable charges | ||
| Foreign Bills Purchase (per check, if without line) | PHP 100.00 | ||
| Outward Bills for Collection * | |||
| – Fee | ¼ of 1% for every PHP 1.00 or fraction thereof | ||
| – Plus Postage Fee | PHP 6.50 | ||
| – Subject to a minimum of | PHP 100.00 | ||
| Safety Deposit Boxes Rental Fees * | |||
| – 3x3x24 – 2x5x24 / 2x5x20 / 2x 5×21 / 2.5x5x24 – 3x5x24 / 3x5x21 / 3x 5×20 / 3×5.5×24 / 3.75×5.75×24 – 4.75×5.5×24 / 4.75x5x5 / 4.5x5x24 / 4x6x24 / 4x5x24 – 5x5x24 / 5x4x24 / 5x5x20 / 5x5x21 / 5.5x3x24 / 5.25x5x24 – 5×5.5×24 / 5.75×5.75×24 / 3x10x24 / 3x10x21 / 3×10.5×24 – 3x11x24 / 3.5x10x24 / 3×11.75×24 / 4×11.5×24 / 4.5×10.5×24 – 5x10x24 / 5x10x21 / 5×10.5×21 / 5x10x20 / 5×10.5×24 – 5x11x24 / 5×10.5×26 / 5×11.75×24 / 5.75×11.5 x 24 / 6x11x24 – 10x10x24 / 10x5x12 / 10x10x12 / 10.5×4.5×24 / 10x5x24 – 10x10x21 / 8x10x24 / 10×10.5×24 / 10.5x10x24 / 10x11x24 – 11x10x24 / 10.5×10.5×24 |
PHP 400.00 PHP 600.00 PH 1,200.00 PHP 1,500.00 PHP 2,000.00 PHP 2,000.00 PHP 2,000.00PHP 2,500.00 PHP 2,500.00PHP 4,500.00 PHP 4,500.00 PHP 4,500.00 |
||
* Not applicable to BPI Direct Savings Bank
PCHC Charges
| Particulars | Amount of Fee / Charge |
| Temporary Overdraft – Honored (Funded) 4 | |
| – Fixed Fee | PHP 1,000.00 |
| – Additional Fee |
PHP 200.00 |
| Temporary Overdraft – Returned (DAIF / DAUD) 5 | |
| – Fixed Fee | PHP 2,000.00 |
| – Additional Fee |
PHP 200.00 |
| Stop Payment – Funded | |
| – Fixed Fee | PHP 2,000.00 |
| Stop Payment – Unfunded 5 | |
| – Fixed Fee | PHP 2,000.00 |
| – Additional Fee |
PHP 200.00 |
| Technicalities 6 | |
| – Fixed Fee | PHP 2,000.00 per item |
4 If a check for PHP 35,000 was presented for clearing on a Friday and was funded on Monday, total charge would be PHP 1,600 (PHP 1,000 fixed fee + PHP 200 x 3days)
5 If a check for PHP 35,000 was presented for clearing on a Friday and was eventually returned, total charge would be PHP 2,600 (PHP 2,000 fixed fee + PHP 200 x 3 days)
6 Checks that are post / stale dated, irregularly dated (i.e. February 30) &/or unsigned are not subject to the technicality fee.
Inward Remittance Charges
| FROM: Correspondent Bank/SWIFT Remittances * | ||||
| Payment Mode | Service Charge Commission | Postage | Documentary Stamps |
Cable Charges |
| Credit to Account – Peso Account |
PHP 150.00 |
PHP 10.00 |
PHP 0.30 |
n/a |
| Credit to Account – Dollar Account |
USD 6.50 |
n/a |
N.A. |
n/a |
| Bank to Bank – Peso (BPI as intermediary bank) / Credit to Other Bank ** |
PHP 150.00 |
n/a |
PHP 0.30 |
n/a |
| Bank to Bank – Dollar (BPI as intermediary bank) / Credit to Other Bank ** |
USD 10.00 |
n/a |
n/a |
n/a |
| Branch Pick-up – Peso |
PHP 150.00 |
n/a |
PHP 0.30 |
PHP 60 |
| Branch Pick-up – Dollar |
USD 6.50 |
n/a |
n/a |
n/a |
*A service fee may be charged by each corres bank the transaction passes through. This is on top of the service fee charged by the bank where the telegraphic transfer originated from.
** A service fee may be charged by the receiving bank on top of the service fee charged by BPI as the intermediary bank.
| FROM: Direct Deposit / US Pension | ||||
| Payment Mode | Service Charge Commission | Postage | Documentary Stamps |
Cable Charges |
| Credit to Account – Peso Account |
USD 6.50* | n/a | n/a | n/a |
| Credit to Account – USD Account |
USD 6.50* | n/a | n/a | n/a |
| FROM: Local Bank (PDDTS) | ||||
| Payment Mode | Service Charge Commission | Postage | Documentary Stamps |
Cable Charges |
| Local Incoming (Peso) | PHP 150.00 regardless of amount |
n/a |
n/a |
n/a |
| Local Incoming (Dollar) |
USD 6.50 |
n/a |
n/a |
n/a |
| FROM: BERC and Tie Ups | ||||
| Payment Mode | Service Charge/ Commission | Postage | Documentary Stamps |
Cable Charges |
| Remittances from BERC | click here | n/a | n/a | n/a |
| Remittances from Tie Up |
Charges vary depending on the contract agreement with each tie up |
n/a |
n/a |
n/a |
International Wire Transfer Charges
| Payment Mode | Service Charge Commission |
Documentary Stamps |
Correspondent / Settlement Bank Charges* |
Beneficiary Bank Charges** |
| Debit from FCDU account of the Client |
USD14.00 | N/A | Charges vary depending on the following: – remittance amount – remittance currency – purpose of remittance i.e. non-trade or trade |
Charges vary depending on the bank involved, they may or may not charge their own fees. |
| Debit from PESO account of the Client |
PHP600.00 | PHP0.30 for every PHP200.00 |
Charges vary depending on the following: – remittance amount – remittance currency – purpose of remittance i.e. non-trade or trade |
Charges vary depending on the bank involved, they may or may not charge their own fees. |
*This can be shouldered by the beneficiary customer / recipient of funds where the charge will be deducted by the correspondent /settlement bank from the total amount that the recipient of funds will receive. If not, this can be shouldered by the remitter / BPI applicant where BPI will collect the charge in advance on top of the BPI Service Charge Commission.
*This charge is the fee of the correspondent / nostro settlement bank and not of BPI.
**This is shouldered by the beneficiary customer / recipient of funds where the charge will be deducted by the beneficiary bank from the total amount that the recipient of funds will receive. If not, this will be shouldered by the remitter / BPI applicant as an additional charge. Intermediary bank charges may also be applied.
**This charge is the fee of the beneficiary bank and not of BPI.
Note: Fees may change without prior notice.